Leonard W. Sandridge Photo by Dan Addison
The University of Virginia Board of Visitors on Friday unanimously approved an operating budget for the coming fiscal year that the University’s chief operating officer described as “sound,” but austere.
“I would say that this is a sound budget,” said Leonard W. Sandridge, U.Va. executive vice president and chief operating officer. “I would be misrepresenting it if I said it met all of the needs of the University.”
The total projected expenditures in the Health System, Academic Division and College at Wise are $2.38 billion, about 4.2 percent higher than the current fiscal year, which ends June 30.
Most of the increase will be funded through Health System patient revenues, tuition and fees, and research income, said Colette Sheehy, U.Va.‘s vice president for management and budget.
In the Academic Division, the budget reflects the continued replacement of state funding with tuition and fees. State appropriations make up just 10.2 percent of expected revenues, compared to 23.5 percent in the 1999-2000 fiscal year. By contrast, tuition and fees will account for 30.8 percent of this year’s budget, compared to 21 percent in the 1999-2000 fiscal year.
Just under half of the spending increase in the Academic Division, $22.4 million, is allocated to unavoidable or prior commitments, including financial aid, the operation and maintenance of new facilities, maintenance and support of the new Student Information System, and employee benefits.
Comments
Shame shame on the University for considering a tuition increase. I have a state job, consistently work overtime without pay and haven’t had a raise in 3 years. Neither have my colleagues. My three children, all Echols “chosen”, received no aid. I wrote my last tution check this year and sent my child out into a terrible job market withthe rest of her friends at UVA. How many have jobs? Do you CARE??? Our savings are shot. Tighten your belt and stop sticking it to families and whining about austerity. I live in a college town. The students may think professors are gods, but they get no respect from people who work for a living.
And while you are at it UVA, start kicking out students who are active racists and thugs and drug dealers and then our children will know how the real world works. The honor court changes every year and has no institutional memory, it functions only to let the administration avoid enforcing any code of basic decency.
Leave a Comment